First Financial Bankshares (NASDAQ:FFIN) Price Target Raised to $40.00 at Hovde Group

First Financial Bankshares (NASDAQ:FFIN) had its price target hoisted by Hovde Group from $34.50 to $40.00 in a research report report published on Monday, Marketbeat Ratings reports. They currently have a market perform rating on the bank’s stock.

Several other equities analysts have also commented on FFIN. Stephens upped their price target on First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday. Truist Financial increased their target price on shares of First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, September 20th.

First Financial Bankshares Stock Performance

FFIN opened at $37.02 on Monday. The stock has a market capitalization of $5.29 billion, a PE ratio of 26.44 and a beta of 0.78. First Financial Bankshares has a one year low of $22.84 and a one year high of $39.53. The business’s 50 day moving average price is $36.49 and its 200 day moving average price is $33.05.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Strategic Financial Concepts LLC boosted its position in First Financial Bankshares by 3,632.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,992,894 shares of the bank’s stock valued at $884,000 after buying an additional 2,912,718 shares during the period. Champlain Investment Partners LLC boosted its holdings in First Financial Bankshares by 27.6% in the first quarter. Champlain Investment Partners LLC now owns 3,334,349 shares of the bank’s stock valued at $109,400,000 after purchasing an additional 720,820 shares during the period. Vanguard Group Inc. grew its stake in First Financial Bankshares by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 14,956,322 shares of the bank’s stock worth $490,717,000 after purchasing an additional 490,770 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in First Financial Bankshares by 10,296.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 189,732 shares of the bank’s stock worth $5,603,000 after purchasing an additional 187,907 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in First Financial Bankshares by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,556,205 shares of the bank’s stock worth $75,482,000 after purchasing an additional 130,361 shares during the period. Institutional investors and hedge funds own 69.78% of the company’s stock.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.